According to its 2025 results, the IMK agricultural holding reduced its physical sales volume of agricultural products by 31.2%—to 768,100 tons— but minimized the revenue decline to 10% thanks to a significant increase in global prices, according to the company’s annual report on the Warsaw Stock Exchange.
According to the document, the holding’s total revenue amounted to $190.4 million compared to $211.2 million in 2024.
Corn made the largest contribution to the result, with its share in the revenue structure increasing from 51.1% to 58.2%. Despite a 21.6% decline in sales volume (to 524,300 tons), revenue from this crop rose slightly to $110.8 million thanks to a 31% jump in the selling price to $211 per ton.
A similar situation was observed in the sunflower segment: while physical sales fell by 30.7% to 80.5 thousand tons, revenue remained stable at $46.9 million due to a 45.5% increase in the price—to $582 per ton.
The situation with wheat proved to be the most challenging, with revenue from it plummeting by 42.7% to $32.1 million due to a twofold drop in sales volumes.
At the same time, the cost of sales in 2025 remained virtually unchanged at $179.8 million (a 1% increase).
The report highlights a significant increase in the cost of raw materials and supplies, up 36% to $134.5 million, as well as in fuel and energy costs, up 36% to $17.9 million.
IMK specializes in growing grain and oilseed crops and grain storage operations. The company cultivates approximately 115,000 hectares of land in the Poltava, Chernihiv, and Sumy regions. IMK’s grain storage capacity totals 554,000 tons. The holding company owns its own fleet of trucks, grain railcars, and high-performance agricultural machinery. The group’s shares have been listed on the Warsaw Stock Exchange since May 2011. The company is ranked among the TOP 100 largest landowners in Ukraine.
IMK’s net profit for 2025 rose by 24% to $67.5 million, while consolidated revenue fell by 10% to $190.4 million. The agricultural holding’s normalized EBITDA increased by 11% to $95.8 million. The company’s total debt for the past year decreased to $17.9 million.
According to the Ukrainian Agribusiness Club (UAC), Ukraine exported 5.5 million tons of agricultural products in March 2026, a 10.8% increase from the previous month, the organization reported on Facebook.
According to the report, following four months of stable shipments, an increase in exports was observed across all product categories in March. Specifically, grain exports rose by 7% compared to February, totaling 3.7 million tons. In the structure of grain exports, corn accounted for 75%, wheat for 24%, and barley for 1%.
Exports of oilseeds increased by 12% to 338,800 tons (soybeans – 58%, rapeseed – 40%, sunflower seeds – 1%). Supplies of vegetable oils rose by 16% to 506,800 tons, with sunflower oil accounting for 84%, soybean oil for 9%, and rapeseed oil for 7%. Exports of oilseed meal after oil extraction rose by 15% to 542,600 tons (sunflower meal – 73%, soybean meal – 27%). Other agricultural products demonstrated the highest growth rate (+32%), with sales totaling 474,800 tons.
“In the coming months, we expect at least stable shipments, if not an increase in grain exports. There are three months left until the start of the new marketing year, and there are still sufficient volumes intended for export, which threatens the formation of carryover stocks,” the association reported.
“An increase in exports is observed across all product categories following four months of steady shipments,” the UCAB noted, adding that the increase in shipments is critically important for freeing up storage capacity ahead of the new season.
Agricultural production in Ukraine increased by 1.7% in January–February 2026 compared to the same period last year, according to the State Statistics Service (SSS).
According to the agency’s data, the growth was driven exclusively by the livestock sector (index 101.7%), while data on crop production for this period are traditionally unavailable.
The main driver was agricultural enterprises, which increased production by 8.9%. The best performance in this segment was shown by enterprises in the Donetsk (index 162.5%), Lviv (132.9%), and Volyn (135.0%) regions. Overall, growth among enterprises was recorded in 20 regions.
In contrast, a decline was observed in private households: production volumes fell by 14.8% compared to January–February 2025. The largest declines in the private sector were recorded in the Donetsk (index 35.3%), Ternopil (50.9%), and Zakarpattia (63.8%) regions.
Regionally, across all categories of farms, the largest declines in production volumes were recorded in Donetsk (index 60.5%), Zakarpattia (68.3%), and Chernivtsi (82.9%) regions. At the same time, the leaders in overall growth were Vinnytsia (+22.9%), Lviv (+22.7%), and Kirovohrad (+7.6%) regions.
As reported, in January 2026, agricultural production in Ukraine increased by 3.2% compared to January 2025. Thus, over the course of two months, the growth rate slowed slightly.
According to the results of 2025, Ukraine provided domestic exporters of animal and plant products with access to 22 new foreign markets, said Serhiy Tkachuk, head of the State Service for Food Safety and Consumer Protection, during a public report on Thursday.
According to him, this figure is a record for the period of full-scale war.
“Last year, we opened 22 new export markets. Currently, work is underway to open about 300 more. It does not stop there, because it is our priority to ensure that small, medium, and large Ukrainian businesses have the opportunity to export their products worldwide,” emphasized the head of the State Service.
According to the data presented, in 2025, the Chinese market opened up to Ukrainian peas, wild-caught seafood, and aquatic products. India and Canada allowed the import of Ukrainian apples. Canada also opened its market to table eggs.
“Each new certificate is the result of lengthy technical negotiations and audits. For example, opening up markets in countries such as Canada or China requires strict adherence to high safety standards,” added Tkachuk.
In addition, the Albanian market became accessible for table eggs, Argentina for sunflower seeds, and Kuwait for processed food products. Malaysia has opened access for milk, dairy, and egg products. Vietnam and Moldova have allowed the import of dairy products not intended for human consumption. The Chilean market has opened up for meat and bone meal and feather meal, and Turkey for canned animal feed.
Tkachuk noted that since 2022, Ukraine has managed to open a total of 75 new markets, despite logistical and political challenges.
“Even in the conditions of war, we continue to expand our geography. Currently, Ukraine has the right to export agricultural products to 386 trade destinations,” he specified.
The State Service of Ukraine for Food Safety and Consumer Protection is currently exploring opportunities to access markets in Asia, the EU, America, and the Middle East. In particular, work is underway to open the Canadian market for Ukrainian wheat, corn, soybeans, and rapeseed, as well as to expand the presence of plant products in China.
Astarta, Ukraine’s largest sugar producer, supplied over 870,000 tons of agricultural products to foreign markets in 2025, the company reported on its website.
According to the report, exports of soybean products (oil and meal) increased by 15% compared to 2024. The main markets in this segment were Hungary, Poland, Romania, and Austria. In addition, the company exported sugar to 25 countries, mainly to the MENA region (Middle East and North Africa) and Europe.
In 2025, wheat and corn were supplied to EU countries (Italy, the Netherlands, Spain), the United Kingdom, as well as Indonesia, Saudi Arabia, Turkey, and Vietnam.
“Global trade uncertainty requires new approaches. We continue to export and adapt our work through interaction within our partner ecosystem,” said Vyacheslav Chuk, Director of Commercial Operations and Strategic Marketing at Astarta.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.
According to the results of 2025, Astarta reduced its total revenue from sales of key product categories by 15.6% compared to 2024, to UAH 21.05 billion, while physical sales volumes of its main products fell by 23.5%, to 1.21 million tons.
Russian troops carried out about 1,200 combined strikes on Ukraine’s railway infrastructure in 2025, which is one of the three key problems of the season for agricultural exports, said Valery Tkachov, deputy director of the commercial department of Ukrzaliznytsia (UZ).
“The most painful thing for us is that our employees are dying under enemy fire. More than 1,000 railway workers have already been killed during the full-scale war. This is the most difficult challenge, which cannot be measured only by technical indicators,” he said at the Forbes Agro conference in Kyiv on Thursday.
Tkachov named security as the first systemic problem. Last year alone, the enemy carried out 1,200 attacks on railway energy facilities, rolling stock, and control centers in an attempt to completely stop the movement of export cargo.
Tkachov named the second critical problem as restrictions on the external power supply to the network due to strikes on the energy sector, which directly reduces the throughput capacity of key trunk lines. In particular, after the shelling of the Kolosivsky passage in the south and the Kamyanets-Podilsky junction in the west, Ukrzaliznytsia was forced to switch to the use of diesel locomotives on a massive scale.
This leads to a significant slowdown in train traffic, restrictions on train weight, and an increase in transportation costs due to the high cost of diesel fuel compared to electricity. The third set of problems in the work of Ukrzaliznytsia, according to Tkachov, covers economic and political barriers.
This particularly concerns restrictions on western land crossings from neighboring countries and low demand for Danube ports. Despite the availability of alternative routes through Reni and Izmail, agribusiness still prefers the ports of Greater Odessa, which creates an uneven load on the infrastructure.
The deputy director of the UZ department assured that the railway network remains stable, but its efficiency is still critically dependent on the stability of the power system and the security situation on the southern approaches to sea terminals.
